FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, September 13th, 2019

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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 13TH, 2019

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Indices				NYSE			Nasdaq
DOW	+37.07	27,219.52	+0.14%	Volume	818,751,740	-4%	Volume	1,965,768,605	-10%
NASDAQ	-17.76	8,176.71	-0.22%	Advancers	1,246	45%	Advancers	1,688	55%
S&P 500	-2.18	3,007.39	-0.07%	Decliners	1,533	55%	Decliners	1,363	45%
Russell 2000	+3.07	1,578.14	+0.20%	52 Wk Highs	88		52 Wk Highs	102
S&P 600	+1.52	975.95	+0.16%	52 Wk Lows	9		52 Wk Lows	24

Indices Finished Mixed Friday But Higher for the Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 37 points, marking its eighth straight advance and ending the week 1.6% higher. The S&P 500 dipped 0.1%, despite gaining 1% this week. The Nasdaq Composite lost 2% amid weakness in Tech shares, but managed to advance 0.9% on the week. Friday's volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the Nasdaq exchange, but decliners outnumbered advancers by an 8-7 margin on the NYSE. Leadership remained healthy as there were 50 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 52 on the prior session. New 52-week highs totals outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. Concerning the M criteria of the fact-based investment system, investors have a green light to make carefully selected new buying efforts. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is perched only -0.7% off its record high. It found support near its 200-day moving average (DMA) line during the recent consolidation.

Stock U.S. equities were mixed Friday as investors weighed trade developments and economic data releases. A report from China revealed Beijing officials will exempt U.S. agricultural products from the latest round of tariffs. The move was in response to President Trump’s decision to delay an increase in duties on Chinese goods by two weeks. The White House also indicated a willingness to accept a short term trade deal as the two countries continue to sort through “structural issues” that are impeding a broader pact at this time.

On the data front, retail sales climbed 0.4% in August, topping expectations of 0.2%. A preliminary gauge of consumer sentiment from the University of Michigan came in at 92.0, above consensus estimates of 90.8. Treasuries weakened with the yield on the benchmark 10-year note jumping 12 basis point to 1.90%. In commodities, WTI crude ticked down 0.4% to $54.85/barrel.

Seven of 11 S&P 500 sectors finished lower with Consumer Staples and Technology shares leading decliners. Broadcom (AVGO -3.41%) fell after the semiconductor offered uneasy guidance on future chip demand. Apple (AAPL -1.94%) fell following an analyst price target decrease. Elsewhere, PG&E (PCG +10.69%) rose after reaching an $11 billion dollar settlement to resolve 85% of insurance claims that resulted from wildfires.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

Bank Index and Energy-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +1.19%) posted another solid gain while the Broker/Dealer Index ($XBD +0.10%) and the Retail Index ($RLX -0.03%) both were little changed on Friday. The tech sector had a negative bias as the Networking Index ($NWX -1.27%) outpaced the Semiconductor Index ($SOX -0.32%) to the downside while the Biotech Index ($BTK +0.22%) posted a small gain. Commodity-linked groups were mixed as the Oil Services Index ($OSX +1.17%) and Integrated Oil Index ($XOI +0.47%) rose but the Gold & Silver Index ($XAU -1.75%) lost ground.

Charts courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.32%) is perched near its record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	71.89	+0.83	+1.17%	-10.81%
Integrated Oil	$XOI	1,227.13	+5.72	+0.47%	+5.87%
Semiconductor	$SOX	1,605.65	-5.14	-0.32%	+39.00%
Networking	$NWX	567.74	-7.33	-1.27%	+16.18%
Broker/Dealer	$XBD	277.73	+0.27	+0.10%	+17.02%
Retail	$RLX	2,428.18	-0.85	-0.03%	+24.43%
Gold & Silver	$XAU	89.49	-1.59	-1.75%	+26.65%
Bank	$BKX	101.94	+1.20	+1.19%	+18.83%
Biotech	$BTK	4,431.01	+9.54	+0.22%	+4.98%

Thinly Traded Bank Rallied To Multi-Year Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Capital City Bk Gp (CCBG -0.02 or -0.07% to $26.83 ) was highlighted in yellow with pivot point cited based on its 12/03/18 high plus 10 cents in the earlier mid-day report (read here). This thinly traded Bank is perched at a new multi-year high after a streak of volume-driven gains this week. Subsequent confirming gains above the pivot point backed by at least +40% above average volume are needed to trigger a convincing technical buy signal.

Earnings increases in the 3 latest quarterly comparisons through Jun '19 were above the +25% minimum guideline (C criteria) as its sales revenues growth rate was in the 12-13% range in the Dec '18, Mar and Jun '19 quarters versus the year ago periods. It has a Timeliness Rating of A, but a Sponsorship Rating of D

Its small supply of only 16.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 159 on Sep '18 to 187 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.1 is an unbiased indication its shares have been under accumulation over the past 50 days.

Charts courtesy of www.stockcharts.com

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
CCBG - NASDAQ Capital City Bk Gp BANKING - Regional - Mid-Atlantic Banks	$26.83	-0.02 -0.07%	$27.13	37,276 196.19% of 50 DAV 50 DAV is 19,000	$27.15 -1.18%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 9/13/2019 5:13:43 PM Y - Sputtered today after highlighted in yellow with pivot point cited based on its 12/03/18 high plus 10 cents. Reported solidly improved earnings as its sales revenues growth rate was in the 12-13% range in the Dec '18, Mar and Jun '19 quarters versus the year ago periods. This thinly traded Bank is perched at a new multi-year high after a streak of volume-driven gains this week. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Thinly Traded Bank Rallied To Multi-Year Highs - 9/13/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$178.92	-5.25 -2.85%	$184.81	335,627 83.28% of 50 DAV 50 DAV is 403,000	$201.00 -10.99%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 9/11/2019 6:12:11 PM G - Halted its slide above the prior low ($175.33 on 8/07/19) which defines the next important support level. Rebounded toward its 50 DMA line with today's volume-driven gain. A rebound above its 50 DMA line ($189.87) is needed for its outlook to improve. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. >>> FEATURED STOCK ARTICLE : Volume Light During Brief Consolidation Above 50-Day Average - 8/29/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AUDC - NASDAQ Audiocodes Ltd ELECTRONICS - Scientific and Technical Instrum	$19.39	+0.95 5.12%	$20.18	462,768 258.53% of 50 DAV 50 DAV is 179,000	$19.74 -1.80%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 9/13/2019 5:17:49 PM Y - Encountered distributional pressure as it rallied straight-up-from-the-bottom of a short 6-week base to touch a new 52-week high today. Highlighted in yellow with new pivot point cited based on its 7/30/19 high plus 10 cents. Subsequent gains and a close above the pivot point backed by at least +40% above average volume are needed to trigger a convincing new (or add-on) technical buy signal. Found prompt support near its 50 DMA line ($17.58). The recent low ($16.51 on 8/14/19) defines important support where more damaging losses would raise concerns and trigger technical sell signals. Reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Volume Cooling While Consolidating Above Support Levels - 8/30/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LHCG - NASDAQ L H C Group Inc HEALTH SERVICES - Home Health Care	$117.61	-0.82 -0.69%	$120.86	169,756 78.96% of 50 DAV 50 DAV is 215,000	$129.37 -9.09%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 9/12/2019 5:25:50 PM G - Halted its slide after losses this week undercutting the prior low ($116.67 on 8/13/19) triggering a worrisome technical sell signal. Still sputtering below its 50 DMA line ($121.37) which has acted as resistance. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Recently Acted as Resistance - 9/12/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$124.49	+0.93 0.75%	$125.36	163,500 74.32% of 50 DAV 50 DAV is 220,000	$132.73 -6.21%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 9/10/2019 11:00:18 AM Y - Consolidating above its 50 DMA line ($120). Below that important short-term average, the prior low ($113.88 on 8/05/19) defines the next support level. Jun '19 earnings +10% on +26% sales revenues versus the year ago period were below the +25% minimum earnings guideline (C criteria), noted recently raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Found Support After Making Limited Progress - 9/4/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$195.18	-3.55 -1.79%	$199.42	1,475,950 83.25% of 50 DAV 50 DAV is 1,773,000	$204.44 -4.53%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 9/13/2019 5:19:40 PM Y - Quietly hovering near its all-time high following volume driven gains. Reported earnings +35% on +22% sales revenues for the Jul '19 quarter. Prior high ($194.25) defines initial support to watch above its 50 DMA line ($188.84). >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average Toward Prior Lows With High Volume - 9/3/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$81.81	+0.93 1.15%	$82.01	1,719,822 139.48% of 50 DAV 50 DAV is 1,233,000	$83.55 -2.08%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 9/10/2019 5:44:13 PM Y - Pulled back with lighter (near average) volume today following 4 consecutive volume-driven gains. The big volume-driven gain above the pivot point on 9/05/19 clinched a technical buy signal. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain After Earnings Report - 9/5/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BLD - NYSE Topbuild Corp Bldg-Constr Prds/Misc	$92.87	+0.12 0.13%	$94.28	231,238 82.00% of 50 DAV 50 DAV is 282,000	$96.01 -3.27%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 9/10/2019 5:40:26 PM G - Quietly perched within close striking distance of its all-time high. stubbornly holding its ground in a tight range. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Prior highs in the $86 area and its 50 DMA line ($86.50) coincide defining important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly in Tight Range Near Record High - 9/10/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAGS - NYSE Pagseguro Digital Cl A Finance-CrdtCard/PmtPr	$45.87	-1.14 -2.43%	$47.80	764,049 34.73% of 50 DAV 50 DAV is 2,200,000	$53.43 -14.15%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 9/12/2019 5:19:52 PM G - With a big gain today on lighter than average volume it rebounded and closed above its 50 DMA line ($46.66) helping its outlook to improve. Big losses this week triggered a technical sell signal, but it halted its slide above the prior low ($42.00 on 8/05/19) which defines the next important chart support level. Fundamentals are strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggered Technical Sell Signal - 9/11/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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